September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
I am aware that you are under intense pressure by business interests to weaken or abandon the rule but it is only part of a larger problem.
As a stockholder, I cannot determine the true compensation of any executive or board member from the annual report.
The companies that claim it it too difficult to determine the executive compensation in order to calculate a pay ratio between the CEOs and average employee are exactly the ones who have been hiding it from stockholders such as myself.
I would not have a problem if a CEO is earning his actual compensation. I suspect that many and perhaps most could not justify their actual compensation and are for that reason obfuscating the number. It is not clear why a board of directors would allow that if there were not a quid-pro-quo in play.
Do not give in. Instead, weigh your duty to protect stockholders such as myself from what are quite possibly thieves.
Thank you for considering my comment,
Robert Cruder
Elizabeth, CO